Tear Sheet: Waste Management Inc. - S&P Global Ratings’ Credit Research

Tear Sheet: Waste Management Inc.

Tear Sheet: Waste Management Inc. - S&P Global Ratings’ Credit Research
Tear Sheet: Waste Management Inc.
Published Oct 05, 2023
7 pages (2759 words) — Published Oct 05, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The company has exhibited strong price discipline through price increases and fuel surcharges, which have helped it keep pace with the persistent inflationary cost environment. In addition, continued improvement in yield and cost reduction initiatives have led to modest revenues and EBITDA growth in the first half of 2023. Specifically, Waste Management?s first-half revenues were up about 3%, and its S&P Global Ratings-adjusted EBITDA increased over 6% in the first half of 2023 compared with the same period in 2022. Volumes in the event-driven landfills portion of the business have remained flat relative to 2022 levels, due primarily to less cleanup of Hurricane Ian than originally expected, somewhat offsetting these positives. Additionally, collection and disposal volume improvements have been more

  
Brief Excerpt:

...Foreign currency issuer credit rating A-/Stable/A-2 Local currency issuer credit rating A-/Stable/A-2 Business risk Excellent Country risk Very Low Industry risk Low Competitive position Excellent Financial risk Significant Cash flow/leverage Significant Anchor a- Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Strong (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile a-...

  
Report Type:

Full Report

Ticker
WMI
Issuer
GICS
Environmental & Facilities Services (20201050)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Waste Management Inc." Oct 05, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Waste-Management-Inc-3067326>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Waste Management Inc. Oct 05, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Waste-Management-Inc-3067326>
  
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